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Monday, 20 September 10
IRON-ORE SHIPPING DEMAND MAY GAIN ONCE CHINA STEEL CUTS FINISH, SSY SAYS
Demand to transport iron ore may rebound once China ends steel-production cuts and steel prices may gain in the next several months because of the reduced supply, according to SSY Consultancy & Research Ltd., a unit of the world’s second-largest shipbroker. Output cuts by China, the world’s largest steelmaker, will probably continue to the year’s end because of limited power supplies for mills, the nation’s Ministry of Industry and Information Technology said Sept. 15. The reductions are aimed at meeting energy-efficiency targets.
“The resulting widening in steelmaker margins would encourage further production within China once restrictions are lifted and support output in the rest of the world,” SSY Consultancy & Research Ltd. said in a report. Still, the cuts have “unsettled” shipowners’ confidence about immediate demand, it said as the Baltic Dry Index slid for a fifth day.
The index, a gauge of overall measure of commodity shipping costs, slumped 11 percent this week, the most in 10 weeks, according to the London-based Baltic Exchange. Today it fell 61 points, or 2.2 percent, to 2,676 points. Chinese iron-ore purchasing may rise once the restrictions are lifted, SSY Consultancy said.
Daily hire rates for capesize-class ships that typically deliver iron ore, the main steelmaking ingredient, declined 18 percent this week, the biggest slump in nine weeks, according to the Baltic Exchange. Rents dropped 4.3 percent to $33,812 today, leading declines among the four vessel types tracked by the bourse.
Charter costs for smaller panamaxes that also haul coal and grains fell 1.9 percent to $23,525 a day today and supramaxes lost 0.8 percent to $21,041. Handysizes were little changed at $15,964 a day.
SSY Consultancy is a unit of London-based Simpson Spence & Young Ltd.
Source: Alaric Nightingale, Bloomberg,Hellenic Shipping
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Thursday, 15 July 10
IRON ORE PRICING MECHANISMS PUT ON THE SPOT
THE new iron ore pricing mechanisms that killed off the annual benchmark system are coming under pressure. The spot price of the steel feed has fall ...
Thursday, 15 July 10
NTPC TO PURSUE COAL MINE ACQUISITION IN AUSTRALIA, INDONESIA - BUSINESS STANDARD
Business-Standard reported that, NTPC, the India’s largest power producer, has set the ball rolling to acquire coal mines or form joint ventur ...
Wednesday, 14 July 10
SUCCESSFUL COMMISSIONING OF GTLE LOW RANK COAL UPGRADING PLANT
COALspot.com: GTL Energy Ltd (GTL Energy) announced that construction and commissioning of its proprietary ‘first-of-a-kind’, low rank c ...
Tuesday, 13 July 10
BUMI TO PRODUCE MORE THAN 67 MILLION TONS OF COAL IN 2010
COALspot.com: Bumi resources, Indonesia’s largest coal producer has previewed its operating results in KPC/Arutmin for Jan – Jun 2010. A ...
Tuesday, 13 July 10
FURTHER LOSSES FOR BALTIC DRY INDEX ON HIGH VESSEL SUPPLY
The dry bulk market can’t catch a breath, as it has now entered the 7th straight week of losses. The industry’s benchmark, the Baltic Dr ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Planning Commission, India
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
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